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Source: Tech Crunch

Defense tech Hadrian raises $1.37B at $8B valuation

Startups

"Defense tech company Hadrian has raised $1.37 billion in a new funding round, bringing its valuation to $7.87 billion. Led by investors including WCM Investment Management and Baillie Gifford, the company has now raised approximately $2 billion in total. Hadrian focuses on automated manufacturing facilities for existing military vehicle parts rather than AI weapons, recently opening a $2.4 billion submarine parts facility in Alabama.".

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Source: Tech Crunch

Ford needs another Taurus, and the $30K Fathom EV pickup isn’t it

Startups

Ford is launching the Fathom, an affordable EV compact pickup priced at $29,945, to revitalize its sales and compete with Chinese EVs. While CEO Jim Farley views it as a pivotal moment, the vehicle faces challenges due to the small compact truck market and strong SUV demand. Rather than a breakout hit, the Fathom may serve as a strategic test for Ford's new Universal EV platform.

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Source: Tech Crunch

Bumble teases a swipe-free future as it doubles down on IRL meetups

Startups

Bumble is shifting away from its traditional swipe model to attract Gen Z users through real-world, group-based experiences. The company recently launched "Plans," an app designed for low-pressure, in-person socializing. CEO Whitney Wolfe Heard indicated that a new, more intentional interaction model will eventually replace swiping. Despite these innovations and AI integration, Bumble faces financial challenges, with year-over-year revenue declining by 15.2% and a drop in paying customers.

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Source: Tech Crunch

ChatGPT brings unlimited text chats to free users

Startups

"OpenAI is removing text-based chat limits for all ChatGPT users, introducing the GPT-5.6 Luna model for Free and Go users. These users will also receive a 'Think' button for complex queries. Plus and Pro users gain the upgraded GPT-5.6 Sol model and a thinking slider to adjust reasoning depth. Internal tests show significant reductions in factual errors, with updates rolling out this week and next.".

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Source: Tech Crunch

Naïve raises $28.5M to automate the grunt work of setting up and running a company

Startups

Naïve, a startup providing infrastructure for AI agents to automate business setup and operations, has raised $28.5 million in Series A funding led by Nexus Venture Partners. With over 30,000 developer customers, the company offers an API to provision everything from LLC formation to cloud resources. Naïve is now focusing on reducing inference costs through model routing and serverless runtimes to improve agent efficiency for enterprises.

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Source: Tech Crunch

Hacker pleads guilty to stealing data from more than 165 Snowflake customers

Startups

Canadian citizen Connor Moucka, 26, pled guilty to hacking over 165 companies and stealing billions of records. By compromising cloud provider Snowflake, Moucka accessed data from clients like AT&T and Ticketmaster, affecting millions of customers. He and his accomplices extorted $2.5 million in ransom and earned $500,000 selling data. Moucka faces decades in prison and is scheduled for sentencing on October 27 following his 2024 arrest.

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Source: Tech Crunch

TikTok lays off 250 employees, shutters its Nashville office

Startups

TikTok is laying off 250 employees and closing its Nashville office on October 5. The office, which housed content moderation staff, is being shuttered to streamline operations and align teams for long-term growth. These cuts occur as social media platforms increasingly utilize AI to monitor and remove explicit or violent content. TikTok maintains its commitment to providing a safe experience for its 200 million American users.

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Source: Tech Crunch

Google Wallet now lets parents set up secure balances for their kids

Startups

Google Wallet is introducing a new feature in the United States allowing parents to manage secure balances for children under 18. This tool enables parents to set spending limits, monitor transactions, and pause spending to teach financial literacy without requiring a bank account. Compatible with Android and Wear OS devices, the update positions Google against competitors like Apple Cash Family and specialized financial literacy startups.

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Source: Tech Crunch

Gen Z dating apps like Ditto ditch swiping in favor of AI matchmaking

Startups

Ditto, an AI matchmaker created by UC Berkeley dropouts, aims to replace swipe-based dating apps for disillusioned Gen Z college students. By utilizing an iMessage-based onboarding process, the service matches users based on personality traits rather than surface-level hobbies. Every Wednesday, Ditto arranges a specific date time and location for pairs. With $9.2 million in seed funding and 150,000 signups, the platform focuses on removing friction from dating.

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Source: Tech Crunch

Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas

Startups

Tesla and SpaceX are jointly developing "Terafab," a massive semiconductor factory in Grimes County, Texas. With an initial $16.8 billion investment, the facility will span over 100 million square feet, aiming to be the world's largest building. Terafab will produce advanced chips for Tesla's robots and Cybercabs, as well as SpaceX's data centers. The project expects to employ 3,000 people and includes contributions from Intel.

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Source: Tech Crunch

OpenAI says Apple’s own security practices undermine its trade secrets case

Startups

"OpenAI has filed a motion to dismiss Apple's trade secrets lawsuit, arguing that Apple's poor security and offboarding practices disqualify the alleged stolen information as protected trade secrets. While Apple accuses OpenAI of orchestrating a scheme to obtain confidential hardware data, OpenAI claims the lawsuit is a pretextual attempt to stifle competition and mask Apple's inability to retain top talent and innovate in AI hardware.".

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Karnataka eyes Anthropic tie-up to expand AI across public service

Startups

Karnataka is exploring a partnership with AI company Anthropic to integrate artificial intelligence into public administration, education, and scientific research. Chief Minister D.K. Shivakumar discussed leveraging AI for fraud detection, cybersecurity, and secure exam preparation. The collaboration aims to enhance the state's innovation ecosystem through an AI University, skilling programs, and startup support, while prioritizing data privacy and responsible deployment to ensure inclusive public services.

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Source: Tech Crunch

eBay continues to bet on live shopping after record quarter

Startups

"eBay is expanding its live shopping feature, eBay Live, to compete with rivals like Whatnot and TikTok Shop. The company reported an eightfold year-over-year increase in gross merchandise volume across seven markets, with regular streamers selling three times more than others. Now offering self-service onboarding for sellers in over 300 categories, eBay plans further international expansion and product improvements to enhance discovery and bidding responsiveness.".

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Source: Tech Crunch

Amid legal battles, Suno says it will start watermarking songs

Startups

"Suno, an AI music generator, has introduced audio watermarking, fingerprinting, and updated community guidelines to combat copycat songs and misuse on streaming platforms. Partnering with Musixmatch for copyright detection, the company aims to promote original creation. These changes arrive as Suno faces multiple lawsuits from major music labels and a class action suit following a massive data breach that exposed its model training sources.".

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10 Quotes from Mountains to Cross by Abraham M. George

Startups

Abraham M. George's "Mountains to Cross" chronicles his journey from business success to fighting poverty and inequality in India. The book argues that true fulfillment stems from using personal achievements to create opportunities for others through dedicated service. George's experiences in education and healthcare demonstrate how compassion and persistence can drive lasting social change, challenging readers to redefine success as a meaningful contribution to a greater purpose.

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Source: Tech Crunch

Ford’s new electric truck, ‘Fathom’, starts at $28,350

Startups

Ford will launch the Fathom, an all-electric truck starting at $28,350, in fall 2027. Built in Louisville, Kentucky, on the new Universal EV Platform to reduce costs, the vehicle aims to compete with Tesla and Chinese manufacturers. Key features include bidirectional power, BlueCruise capability, and support for Android Auto and Apple CarPlay. This budget-friendly model represents Ford's strategic shift toward more affordable, ground-up electric vehicle designs.

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Source: Tech Crunch

Exclusive: Mirendil inks $100M+ Google Cloud deal to scale self-improving AI

Startups

"AI lab Mirendil has entered a multi-year partnership with Google Cloud worth over $100 million to secure compute capacity for its self-improving AI research. The deal provides access to Google’s TPUs and Nvidia GPUs, enabling Mirendil to develop recursive AI systems designed to automate scientific research in fields like medicine. This strategic collaboration allows Mirendil to scale its infrastructure while providing Google with a frontier AI partner.".

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Source: Tech Crunch

Ex-Spotify employees raise $10M to bring the AI behind its recommendations to e-commerce

Startups

"Former Spotify engineers Sidd Motwani, Ian Anderson, and Shivaditya Sinha have launched Malachyte, an e-commerce personalization startup that recently raised $10 million in seed funding. The company utilizes "two-headed Vector AI" to predict shopper intent in real time based on current session behavior rather than historical data. Malachyte is currently available to Shopify merchants and larger retailers via API to create more relevant, intent-aware shopping experiences.".

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Leumas rents out robotic factory lines to brands that do not want to build a factory

Startups

Bengaluru-based Leumas offers modular, software-reconfigurable robotic production lines for the nutrition, cosmetics, and pharmaceutical sectors. By providing on-demand manufacturing capacity, the company allows brands to produce small batches without owning a factory. Leumas has scaled over 120 products globally and recently raised $2.2 million in a seed round led by Capital 2B to expand its infrastructure and launch pilot factories for wellness brands.

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Constelli builds the signal processing tools used to design radar and electronic warfare systems

Startups

Hyderabad-based Constelli specializes in signal processing and simulation for radar and electronic warfare systems, reducing the need for costly flight testing. Serving clients in India, South Korea, Australia, and Singapore, the company recently raised Rs 180 crore led by General Catalyst. Constelli is now expanding from providing development tools to creating communication and electronic warfare payloads for drones, satellites, and naval vessels to accelerate production.

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